-The Hindustan Times Rural development minister Jairam Ramesh has taken his wrangle with finance minister P Chidambaram and agriculture minister Sharad Pawar over the Centre's job guarantee programme to Prime Minister Manmohan Singh's court. Stung by their repeated assertions that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) schemes were having a negative impact on the availability of farm labour, Ramesh shot a note to the PM to "respond to the concerns raised by...
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Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
More »Ramesh contradicts FM, says NREGA has positive impacts -Urmi A Goswami
-The Economic Times Rural Development minister Jairam Ramesh has written to Prime Minister Manmohan Singh explaining the positive impact of the rural employment guarantee programme on agricultural production. The note is in response to persistent claims by Finance Minister P Chidambaram and Agriculture minister Sharad Pawar that the rural employment scheme has adversely affected agriculture. Stressing on the positive impact of the UPA's employment programme, Ramesh has suggested that the Prime...
More »Growthwallahs need to pause and reflect-Anil Padmanabhan
-Live Mint The solutions to India’s growth problems require a more holistic approach Whether rightly or wrongly, there is a growing critique of India’s current development strategy: of a top-down, trickle-down theory that rides on an extraordinary growth momentum. They are disparate, but when the dots are connected they do present a coherent reminder that this strategy may not be the best and, worse, it is not sustainable. To a large extent this...
More »Global wage growth slows despite increases in emerging economies–UN report
-The United Nations Global wages remain far below pre-crisis levels, says a new United Nations report, which points to a continuing slowdown in developed countries alongside increases in emerging economies. The Global Wage Report 2012/13, released today by the International Labour Organization (ILO), shows that global monthly wages grew by 1.2 per cent in 2011, down from three per cent in 2007 and 2.1 per cent in 2010. It also cites huge...
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